So, the House decides to put a 90 percent tax on the bonuses of some American International Group employees, and the people rejoice (3/20, A-1). The Congress acts outraged, although many of them were aware of what was going on.
Before rejoicing, I think you should give some thought to what other group the government may decide to tax and what if you are in that group. It is disheartening that the government can decide to punish people by making new tax laws at the drop of a hat.
If you think the AIG employees didn’t do their job and don’t deserve a bonus, then we’ll have to tax Congress at 99 percent.
Those of you complaining about how an American business spends its profits dug your own hole when you agreed to the initial bailout. You can’t mix socialism and free enterprise.
President Obama was wrong to sign the check over. He should have let AIG fail, and a better product from a smarter American would have taken its place. That’s how free enterprise is supposed to work.
I want AIG to immediately publish all the candidate names and amounts to whom they have given campaign contributions since 2000. I want those contributions back or a 110 percent retroactive tax on them.